with barack obama yesterday and attending an event with amazon's ceo jeff bezos. bezos announcing that his company would invest $3 billion in india. bezos calls india amazon's fastest growing region. >>> in other news, ousted lendingclub ceo is reportedly looking at it as a takeover of the company. he left the online lender last month after a probe found the company falsified documentation when selling $22 million worth of loans to an investor. >>> the stocks to watch. dave & buster's is raising its four-year guidance. the operator of restaurant and arcades said it did well, despite challenges affecting of its dining rivals. the chain is launching a $100 million stalk buyback. and oxford industries cutting its first quarter forecasts. the maker retail brands such as tommy bahama and lily said it was with apparel. verifone is cutting its outlook after weak results. the payment technology company says it's launching a strategic review that will likely lead to job cuts. verifone didn't give a time line but aims to save $30 million by 2017. >> verint who makes compliance and risk software

wage. stuart: good one, ash. thanks very much. look at amazon, we cover the stock a lot because it's another all-time lifetime high yesterday. i think that high was what, 127, i think yesterday. it will be around this morning. >> 1.5 trillion annual, amazon could take a bite of that. berkshire hathaway, exxonmobil, this is a big play with amazon. stuart: it's like the election, who would have thought? i think it is. let's get to the election, hillary clinton punching back right at donald trump. watch this. >> this is just more evidence that donald trump himself is a fraud. he is trying to scam america the way he scammed all those people at trump u. he doesn't want to unify us, he wants to divide us. that's why he started his campaign attack people and he hasn't stopped. stuart: that's a full frontal attack. joining us is mike huckabee, governor mike huckabee. that sounded like an effective pushback against trump. what say you? >> i don't think so. i told megyn kelly last night that having hillary clinton try to go after donald trump for fraud is like pee-wee herman going off james bo

oil and gas go with an ex-shonn, chevron or slumb slumberger. >> caller: calling about amazon which closed with a p/e around 300. walmart's p/e is 16. >>> what happens when the market wakes up and starts to value it -- >> it must be in some kind of rip family going up and up for many years. the answer is amazon is what we call at law school suis gener s generis. my producer told me about amazon prime and i continue to recommend it. bill in georgia, please, bill. >> caller: thank you, jim. love your insight. i own yahoo! at 37 and hearing about patents being sold and today we hear yahoo! received bids for over 5 million. what does that mean for me? should i sell or hold? >> you can hold on to it. remember, i'm really worried about the accounting of that alibaba stock they own. my colleague partner and buddy david faber said there are going to be multiple bids. i've been using bob at sun trust. he thinks 5 billion could be somewhat like it for these. hold on to it but remember you're trading alibaba and not a fan. after a bullish run this market is taking a much deserved rest. hit doe

right. >>> when we come back, check out shares of amazon today. once again, new all-time high. what's driving that higher? >>> good morning. i'm sue herera and here's your cnbc news update at this hour. >>> jordan says a terrorist attack on a local office of the national intelligence agency killed five employees this morning. no one so far has claimed responsibility for the attack. >>> a school bus plunged into a irrigation canal in southern turkey on sunday, killing 14 people, six of them children. 26 more were injured. the bus reportedly drove into oncoming traffic before being slammed by another car and then fell into the canal. >>> hostess is recalling more than 700,000 cases of certain snack cakes and doughnuts out of concern for people with a severe peanut allergy. the items were made with flour that could contain undeclared peanut residue. >>> dozens of people gathered for an interfaith service last night in louisville to celebrate muhammad ali, their hometown hero. ali passed away from septic shock on friday at the age of 74. a public funeral service will be held this friday i

them now if you want to self publish. take amazon, they are can kendall direct publishing. you basically use there, they have have a format that you put your text into and you put the book up and you sigh an agreement and he cannot negotiated at all. you just click and accept type arrangement and you have to accept whatever terms amazon gives you. but they will put your book up, if you give them exclusive rights they give you 70% of what they get. but they are doing nothing other than putting your book up. you also have to agree to price your book between $2.99 and $7.99 cents. so if. so if you want to sell another platform which most of our authors do, they do not want to be exclusive with amazon or if they want to have more leeway in prices,they will choose a nonexclusive option which gives you a 30% royalty. so amazon amazon gets 70, the author gets 30. and we think that's a ridiculous because amazon is providing the technology and the platform and that is all they do. they are not investing much in terms of labor at all. they aregood at it and you paid regularly, if you are

stocks, they've become very tough. on the one hand, you have amazon, obliterating bricks and pour tar retail. on the other hand you have higher health care costs and a lot more overtime pay graded by the president by fiat. you need non-amazonable stocks, meaning kroger, dollar tree, dollar general, and it's no surprise that all those roughed today. gold, utilities and the telecoms. times of economic chaos, this being a perfect example. people buy gold. especially with rates being so low. these are safe dividend paying companies that give you a much better return than bonds. you have to hope that the s&p 500 brings down some of these, otherwise you won't be getting any bargains. the bottom rhinlttom light, we staples. you have to be careful with so much of this other pie, parts of the pie that i can't be aggressive as much as i really want to, down more than 5%. tom in florida. tom? >> caller: thank you for having me. a good portion of my portfolio is made of waste management stock. is it inch lated from brexit? and in your opinion suggested buy or sell? >> i really like that idea. it'

unusual question. >> jen says amazon closed her prime account and issued a lifetime ban. why? she returned too many orders. she concedes she sends stuff back. she has no idea that she crossed the line. >> how is that possible? >> we asked amazon, how many returns will get you banned? a spokesperson will say it works directly with a customer to hand him issues. amazon wouldn't confirm jen had been banned. yet a few days after we asked about her case, amazon reinstated jen's account. if you have a question for us. reach out, call 888-996 tips. visit nbcbayarea.com/consumer. have a great day. >>> coming up next on "today in the bay," bay area bound the new information we are learning about the gunman in the orlando massacre and his plans to fly his family to san francisco. >> and it was supposed to be a night of partying for dozens of pa rin county teens. instead, it end with calls to parents and an arrest. i have more on this bust and what police found when they went aboard the bus. and i'm sam brock (toss kari) == >>> a very good wednesday morning to you. thanks for joining us. i'm laura ga

is amazon. shares hit a new record of $728 on thursday off the back of a handful of bullish analyst. speaking of amazon the company has to self publishing platform continues to change the industry for authors. analyst chief apple .poke with us earlier kawasaki: it has made publishing a democracy, a meritocracy, if you will. it used to be that an author had sosuck up to a half dozen or large publishers, praying that some editor would get their proposal and like it, but with self publishing, you take that out of the equation and now anybody can publish. this does not mean that your book is good, but at least it can get to market. emily: when you look at what is happening with amazon and compare that to what is happening at apple, as a former apple evangelist for so many years, who do you think is more innovative now? kawasaki: these are two completely different beast, right? amazon is fundamentally a retailer, although you have web services, obviously. apple is fundamentally a device manufacturer. i think it is very hard to .ompare the two it is really apples and oranges, no pun inten

with their land. tonight we will take to the amazon. >> fans and colleagues of the actor anton yelchin have taken to social media to express their shock at his accidental death at the age of 27. yelchin, who played chekov in the recent star trek films was crushed by his car in los angeles. the vehicle rolled backwards down a steep driveway, pinning him under a pillar. here is our report. > what is your name, chengo. ensign chekov. >> brilliant, kind, funny as hell, the words of j.j. april rams about the actor anton yelchin. >> authorization not recognized. >> the new chekov and the rebooted star trek. >> victor-victor two, access granted. >> his death at just 27, a shock. he has begun anging when he was a child. he had appeared in tv shows such as e.r. and the practice, moving moving into fichardt such as alpha dog and chartly bartlett. yesterday he was due to meet friends at a rehearsal. he had stepped outside of his car and was hit when it rolled down the driveway and crashed into the gates. tributes came today. his co-star, john cho, who plays sulu described him as curious,

. futures are pointing to a higher open. weekly jobless claims comes out later this morning. amazon prime day is july 12. the online retail giant slashing items for prime members, amazon started prime day to create a shopping holiday in the summer. it was huge success breaking the black friday record with customers ordering 34 million items. matt and tam i don't know what i would do without nigh amazon. >> -- miami sown. >> on these without my amazon. >> reporter: my son-in-law starts a job with amazon. >> so we're supporting david murphy. >> reporter: you're supporting my son-in-law. lots of sun up up over the horizon, bright conditions and humidity on the low side. 59 in reading, 67 in philadelphia. 63 in wilmington. 670 in cape may. satellite shows you a lack of significant cloud cover out there. get the shades ready for the highways and by ways and traveling. in the lehigh valley, 86 is the high, sunny, warm, nice, low humidity, down the shore, farther south along the coast you go, the more humid it is, it's not oppressive. i think mostly it will be nice on the beach. high of 80 in at

the individual losers so far. amazon, when it comes for the biggest points decline, amazon is the biggest drag. going the opposite direction we have walgreen. they're flying today up over 4%. this looks like it's after the fdc is going to approve a deal with rite aid with certain conditions. tesla is also a mover, another big decliner in the session. this is after possible suspension problems with the model "s." nhtsa saying they're looking into this. but it looks like that three-week winning streak is coming to an end. back you do guys. >> all right, susan. thank you very much. susanly at the nasdaq. susan hunt from alpine funds. what do you think is going on? >> i think everybody woke up and said, oh, my goodness, rates are very low. you saw european banks get hit very hard. they're wondering what it's doing for the banks and what it might end up doing for the equities. i think there was a big psychological shift. sometimes we wake up and have these days and people say i don't think this is actually as good as we thought it was. >> but you have a couple of picks that you think c

right. let's turn to business where amazon ceo jeff bezos spoke out about censorship when asked about peter thiel who is funding hulk hogan's lawsuit. >> yes, the amazon ceo said that billionaires need to get a thicker skin rather than fighting media outlets that are attacking him. as you mentioned it was in answer to the question about peter thiel, the venture capitalists decision to back the lawsuit against the gossip blog, gawker. amazon is the ener of "the washington post" so i think perhap that was the hat he was wearing. but he didn't just reserve his criticism for that. he criticized donald trump and his efforts to freeze the media's examining of him. he said, look, america is a democracy, there's free speech. actually a presidential candidate should respect that. so not reserving his criticism for those that are at the -- attacking the media. quickup date on the markets, a bit of weakness in the u.s. yesterday. weakness here in europe as well. we have another one in the u.s. to watch for and after booking gains in may, tentative start to june. >> all right. thank you very much

secular shift toward the content, and the way people were taking it. netflix is kind of amazon and primetime whatever you do, grasso. >> i'm not really sure. >> there are a lot of other things. there's no guarantee, i think to your point, tim, the original content that worked so well here is going to have the same impact. >> it won't. >> all right. still ahead, it's not just gold and oil having a wild week. setting up for the perfect trade. i'm melissa lee. you're watching "fast money" on cnbc. here's what else is coming up on fast. >> be very, very quiet. i'm hunting for -- >> a yield. have we got a way to find it right in your portfolio. we'll explain. plus, here's a glimpse of what the new siri could do. >> tell my wife if she has a problem with mir work schedule, she's more than welcome to get a job of her own. if watching "ellen" is a job, she should get a promotion. >> message from your husband. i appreciate you. >> just kidding. but we will have a special report on potential changes to siri. when "fast money" returns. every year, the amount of data your enterprise uses goes

that -- >> that's right. it comes without strings. >>> amazon's ceo jeff bay zoen zoes spe bezos, here is what he said about some of the outside projects amazon is working on. >> we'll see, will they turn into big trees? and amazon studios. i think amazon studios could turn into a -- it's possible. what we're doing with alexa and echo and natural language understanding. that involves into an artificially intelligent agent. i think there are going to be a bunch of artificially intelligent agents in the world. a bit like apps and is websites. and the same ai for everything. some ais may be better at certain things than others. so you might -- i bet the average household will use a number of these. but i am being very sincere that those two seem very promising to me. >> much more from the conference and key note speaker jeff bezos throughout the morning. >> i feel like -- well, you know, you're talking or reading or -- sleeping. that did happen a few times. >> it wasn't you. >> no, it wasn't me. >>> watching oil prices this morning, opec ministers are meeting in vienna. a few headli

cd for one year, $100 for a year, 59 cents liz: whoopee. the trumpets. i want to get to amazon, we've followed that, and one year cd-- i'm sorry, 1.26%. amazon, please, 726 this morning, why are we quoting this? i've got a survey for you, 96% of us shop on-line. and this as amazon hit the new high over 730 yesterday. now, kristen, on-line, it's just-- if i say it's taken over, that's really the story. dominates, it's beginning to dominate. >> it's beginning to dominate. yesterday, set a land speed record tsa ordering a dress on-line for this. stuart: for today? >> uh-huh. stuart: wow. is that the dress? >> maybe. [laughter] >> so what are you saying, you ordered something on-line, it was a dress and you expect to get it within 24 hours. >> yes, not happy, but i prevailed. stuart: do you like amazon? >> i do, i do. some people do not. i do. i think the way we're shopping and having things droned to you or delivered to you in real-time is advantageous. stuart: you like it, but wouldn't necessarily buy it at 726. >> i love the company and what they're doing. amazon, remember this

amazon. which is up 53% since its february low. average gain of about 3.9%. one down year. what's interesting, facebook and amazon are neck and neck in market cap for the sixth largest company in the world, in the u.s., which i found surprising. and the third one was just in the news yesterday, allergen, averaged a gain of 3.7%, down in 2010, and 2015. but when you look at the intramonth pattern in the month of june, using intraday data, we can create a composite, and it starts out flat. usually peaks right at options expiration. the following week you see a peak-to-trough decline of 2%. this year i think with brexit, june 23rd, you can see some jitters coming into that vote around options expiration. if we don't have the brexit, if they don't vote to leave, you could have a relief rally toward the end of the month. >> is that what you're seeing in terms of the volatility out there? >> i would think so. it's been so low for so long, that it's absolutely incredible. it's interesting that you bring up the options expiration aspect. suddenly the protection that people have on, they'r

. >>> up next in your money business, details about amazon's next big day to save. plus, what walmart is doing to compete. it's been 60 years in the making. the disneyland resort diamond celebration. don't miss your chance to see it all dazzle. come celebrate new beginnings like hyperspace mountain... and premiering this summer, frozen, a musical spectacular... plus an all new soarin'. so come to the place where summer dazzles. >>> all right. welcome back to "mornings on 2". it's 8:23. hertz is working with lyft and walmart is going head to head with amazon. >> also, the drunk that became popular more than 20 years ago back on store shelves very soon. pam cook back in the studio with more on this mornings money business. >> we are checking in on wall street because it has been pretty volatile since that brexit vote. i want to check in. the opening bell just a couple of hours ago, and the dow has been up most of the morning, actually. up -- a live look right now. up half of a percent. almost 85 points. back to 17,779. i am keeping an eye on the nasdaq and s&p 500 also. they are up just ab

discounters gain, why wouldn't that be amazon and other online retailers gain? that certainly has been the trade for the last at least two years, is, you know, anything that has a bricks and mortar content has been getting owned by amazon. what's your feeling on that? >> you know, two aspects to this. i think amazon and a lot of the econ players will continue to pick up share, but there's a lot of share to be picked up. right? from everybody. broadline, department stores, some specialty, outlet. you know? on and on and on. when looking at the ecom or amazons of the world and the off-price companies, off price is a different shopping experience. you know? there you really, the customer he or she wants to go to the store, find the treasure hunt. >> sorry to interrupt. we have to go to president obama. taped playback from a meeting with mexicans in the canadians' presence. >> -- let me just publicly extend my deepest condolences to the people of turkey for the terrible attack that took place in istanbul. i had a chance to speak to president erdogan earlier today, to discuss with him

/2%. a better report from amazon. the report from the floor, if you're keeping track or keeping store, another lifetime high for amazon. this is the third consecutive session amazon hit a new high. you will recall back to the consumer spending report. biggest jump in april in spending in many years. everyone is looking toward the new tactic of spending online. amazon the king of e-commerce. amazon benefiting big. this is the sixth record high amazon hit this year already. let's look at the broader markets. stocks close on a session high. investors, this is ahead for the next fed decision to tomorrow's all important may jobs report. 204,000 new jobs added to u.s. economy is the analyst expectations. you have sectors beaten down for most of the year, retail, health care, technology, actually being viewed as a little bit undervalued because they have been kind of beaten down through the duration. year thus far. the nasdaq chalks up a seven-day gain. this puts it at its longest winning streak in 16 months for the nasdaq. that sums up the stats and stories from here on wall street. back to

, they didn't -- i didn't see anything i really liked. i've used the product. to me it's an amazon and maybe he's got these people, but, you know, he had all the analysts sitting there and the campus in china and they all felt great and everyone leaves feeling good, 48%. is he unhappy with the stock? i mean, that's like saying listen your team -- your team just went, you know -- you were 5-11, okay, are you unhappy with that? and you say, hey, you know, i'm fine, take a long-term view. you know, the long-term view in any other business is just a fallacy. remember what the late great andy grove said. andy grove said you have to judge business by a courtroom. >> also said only the paranoid survive. >> unbelievably good book. >> you sit back and say how could he not be upset. the fact is there's still accounting issues. did he solve the accounting issues? i would prefer to let things play out before this guy comes and has a meeting and are okay. i look at china and i don't want to be levered to china. i just -- i don't want to be short it. i wish bydu down 15% last night. buy yahoo!. the

experience as its online experience in order to better compete with a rival like amazon. walmart spent a lot of time showing off the ways they're embracing digit allen hansments from samz club to the neighborhood super centers. walmart will begin testing using uber, lyft and deliv. and feen nix denver, that will start in the next two weeks. now walmart employees will then shop for the items that are ordered online, request the on demand drivers, make the pickup at the store to deliver right to the shopper. the standard 7 to $10 delivery charge will remain the same for shoppers. these are initiatives that are improferriving the digital relationship with customers. does it have a lot of work to do. it is e-commerce sales growth decelerated for sen of the last eight quarters. and the ceo says that that is too slow. now e-marketer estimate that's only 5% of walmart's total sales come from its online operations. so there's a lot of room potentially to grow there. walmart is working a lot of ways to cut costs and improve worker productivity. things like having goods delivered directly from the tru

interesting to me because it's not drones for delivery like amazon. ashley: no. >> factory jobs. stuart: it's warehouse jobs done by a drone liz: for the third time in four months the factory jobs went down. stuart: scott shellady, i missed that, what did you say? >> there's a dark side. >> get on board this trend, all right? we're going to start having more and more of these tech companies and be leaders and deflationary and quash inflation, number one. and number two, concentrate well and number three, it's going to kill the jobs. that's the next 20 years. stuart: that's reality, keith, what did you say? >> that's exactly what i say, people are going to say gee-whiz, look at technology. everyone arguing for higher minimum wages, this is the result. mark my word, this is going to kill jobs and increase profitability, great for companies because this is what the econy is going to if you want to give money away. stuart: the law of unintended consequences. keith, i want you in on this one, apple, the i-cloud, they've been restored after a seven-hour outage yesterday. keith, is that a big

in india. amazon, we follow that thing very closely and look at it go. this is monday morning and we are now at 728, 729. up another 3 bucks this morning. this is a life-time high. you've never seen amazon at that level before and jeff bezos made another half billion dollars just like that. [laughter] stuart: i know that you're laughing, keith but that's a money machine that he's spending all over the place. >> that stock is going 1% up. if you're not on board, you're going to get behind. stuart: move over star wars. >> now top four, four movies that broke the mark, disney owns captain america and frozen. espn, that's what really drives the stock here, performance and media segment. not really the movie segment. stuart: out of all big names monday morning we are going to go through them for you. how about netflix to start with, the stock has come down this calendar year. reaching $100 a share. facebook has been up about 13% this year. up a fraction this morning. twitter, now there's a stock, 13 level a couple of weeks and now struggled 15.26. wal-mart up 4% this year. 71 this morning

look. when we speak about big data, one thing is clear, that amazon's got that wired. they figured out. what happens if you're not amazon? how do you compete? >> data is i have helpful for companies to do that. maybe i can give the example of nordstrom. they are a customer of ours, and they come up and meet you and say hi, jim. they get their data from nordstrom, what you bought, what you may have returned. what your customer service has been like. they get all that in one package. >> that's how come when i go to nordstrom, when i bought my tuxedo shirt and suspenders, a different salesperson knew that i had bought that and knew that i liked cuff links which was amazing and asked me if i wanted to look at cuff links. >> they also have the data. they also have machine learning in there. machine learning is built on top of the day to to recommend something that they believe you might like. ah-ha, customers who bought this, also bought that. and they want to use the machine learning on top of that. >> when we met with bruce nordstrom, they said it was difficult to compete with amazon. >>

powerful companies of today, google, apple, facebook, and amazon. one of those companies is no longer led by a founder. how much innovation is left at apple? vinod: big companies without founders have a very hard time. they do the sensible things. sensible and innovation do not go together. if you are reasonable and a good manager and a good process person that can deliver things on time and on schedule, you are the kind of person that is essential to delivering goods, but disruptive to real innovation. you kill it. founder led companies, larry page is an example, keep innovating. he does some crazy things. introducing hardware? walmart is not going to do its own kindle or its own amazon echo. what jeff is trying is all kinds of things. i think founders have personality traits that are unreasonable and maladjusted and that leads to innovation. non-founder led companies have a much harder time. it is too early to say what apple can do. i hope i am wrong. but clearly, the big companies generally, especially outside of tech, have a hard time innovating. emily: jeff bezos made a big investmen

often. emily: we are saying netflix, amazon, all these companies spending billions and billions of dollars on content on original content. is that going to catch up with them at some point or is this going to pay off? >> you know it is a great tactic there are so many choices out there. it turns out that people want a little bit fewer choices but more relevant to their own interests so as these companies use the intelligence about what people enjoy and what they like and what they come back for, there is going to be better and better content created by companies like netflix and amazon. i think there is a big future in this. the downside is there will not be as much variety and that is where the movie theater really comes and play. movies made to 700 every year in the united states that are aimed for the movie theaters and not all of them get played. it is a great environment to see those films and if we can get more people to be more experiential -- experiment to and seeing their films in the same way netflix by having the all you can eat subscription, we got people to try films t

. the reason behind that decision, coming up. >>> and the future according to jeff bezos. the amazon giant speaks out on his company, artificial intelligence and the race for space and much more. it's wednesday, june 1st, and "worldwide exchange" begins right now. ♪ >> a very good morning to you and a warm welcome to "worldwide exchange" on cnbc. i'm wilfred frost along with dee. let's get straight to the market action and bring you up to speed. yesterday, we saw the dow slip about .5%, but it just hung on to gains for the month of may, gains for the s&p over 1% for may and for the nasdaq, over 3%. the tech sector was the best performance and today, giving up a bit of that positivity. the dow currently lower by five or six points. we're looking at the ten-year note this morning. let's have a look at that yield. we're looking at a 1.83 had%. so down a lot bit over the last 24 hours. a little bit of bond buying. >> wilfred, it is already up. just talking about this before the show started, but -- >> pinch and a punch for the first day of the month. that is a phrase i've not heard had

: 40 guys? girl power. > yay. >> with giants like amazon an ebay dom faith in ecommerce, there's slim hope for anyone to beat them but it could be possible to join them. that approach has paid off for packs. >> we actually started out as a branch of a retail pharmacy in bronx, new york. we had access to different merchandise, health and beauty product from our distributors. we wanted to make it a side business and sell the merchandise online. we raised about $750,000 from friends and family, aunts, uncles, cousins, that's how it was started. a that point we did see that retail was slowly on the decline and ecommerce was on the rise. another vision we had that many other people didn't see was that marketplaces would be the future and we thought that amazon would lead that charge. we other -- our goal was to partner with amazon, work with them, become one of their largest retailers and build a brand within a brand. we were burning through cash the first couple of years. trying to build our technology. one of the things we didn't want to do was use outside third party software for our wa

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who asks, what happens when my amazon deliveries arrive late. >> fair question considering amazon prime members pay about $100 a year for two-day shipping. todd documented one prime order that took seven days to arrive. amazon declined to discuss todd's complaint with us. when prime packages are delivered late, members can request either a $10 credit or 0 a free month of membership. the key is, you have to ask. we tested amazon's unwritten rule. we went shopping and tracked our shipments. and requested credit. you can see how this went tonight at 6:00. if you have a consumer problem, the nbc bay area responds team is ready right now. call us or visit our website. we'll respond to every call, every e-mail. >>> that's neat you get $10 back. thank you. >> hopefully your package on time, too. >>> an update to breaking news in the south bay. >>> we are live in fremont where that suspect accused of shooting two fremont police officers police believe is still holed up in this home where the fire has now spread. a suspect allegedly connected to two officer- >>> a tense situation continues

amazon law firming a british version of its amazon fresh food delivery service. offering a full delivery service and competitive prices in central and's london. brit rn has one of the most developed online grocery markets. online grocery sales very developed in the uk and they have killed margins in the regular grocery companies in rebate years. >> big sir when you were in london too. the whole change and reorganization what that meant there. >> i agree. the food retailer. >> so good. >> the when amazon announced this a month or so ago, just because of the power and clout amazon has we saw all of the sector sell off in the uk because once again people were like more competition. more impact on margins. we'll is have to see. central and east london. >> coming up. ecb president draghi warns the euro zone is at risk. and what he plans do about it. >> a look back on this day in history in 1958, queen elizabeth officially opened gat wick airport. gatwick also has the world's busiest single use runway. 55 takeoffs and landings per hour. a single runway airport. heath row much more tra

amazon and google. mark: i have to take facebook off the table. but i think it is clear that of the big companies, amazon has lapped everybody at least this year and this act of and alexa are fundamental breakthroughs. it is fairly shocking even for people in the field how well they are doing and the consumer response to go from people who are not us is really spectacular. i think amazon has set a new benchmark for what it means to the an inner active ai stop other big companies realize that in there's going to be a certain amount of catch up happening the big thing in the ai world people are talking about is of the big companies, apple is the one who has declared this ideological decision of not collecting centralized data, so the other big companies are building these giant databases and apple has declared they won't do that because they have this privacy position they have taken. they have this new approach that they talked about this week and theooks promising, but question the industry's will that be enough to keep up with the level of investment google or amazon is making with

with the exception of amazon. up a whopping 20%. think about the fact -- it is pretty amazing it gained more than 20% in the second quarter. names -- they did put in an offer for hershey's, rejected by the hershey's lord. plus monster beverage. the winners from a point standpoint are really a mixed standpoint. as for technology, this is the reason the nasdaq is down just slightly. the biggest this quarter came from the big tex names including apple, microsoft, and share classes of apple net. >> you mentioned it was a volatile quarter. that was a case in the last couple of trading days. amazing.it is from a technical perspective, last thursday we had the nasdaq trading above 200 averages. friday, monday, or tuesday below those averages. today, back above. a big data between the bulls and the bears. a big question of whether or not this valley after the breck it selloff is for real. if you technical experts to find out what they thought. believes the nasdaq 100 is handcuffed in the near term. analysis says another down graft .s life -- likely a bit of a wait and see their from tech

intelligence, everybody is trying to do that. amazon already on the market with echo. alexa, what time is it? what is the news? the major companies are there. i assume the competition will be good for the product. is google behind the curve on that? we just announced a product using different technology. this is how our industry works. we are far more collaborative than competitive. of the matter is, the whole ecosystem moves forward. it is reasonable to expect a majority of interaction will be by voice. 10 years ago, i predicted this would never happen. it shows you how right i am. if you look at the technology gains in voice recognition and alexa being so common in everyone's lives. you see it. i am very interested in voice recognition with knowledge and understanding. charlie: and the data that google has. eric: the underlying algorithms. you can get on your phone, speaking your language. it comes out in another language. does this really work? yes. is it as good as a human translator? not yet. is a good enough to have a casual conversation? yes. takes your voice, digitizes it, puts it

fights to catch up in popularity with google and amazon's ai platforms. is it too late? joining us now, one of the early tuttle of siri, and tim of mind meld with brett taylor. brett, opening siri to developers, is this game changing? >> they opened up messaging, siri. for the first time, i think you will start seeing third-party apps in every part of your ipad experience. with siri order ubers probably order through messenger as well. being able to see your app permeate the entire experience of your phone rep -- rather than being relegated to the home screen is a meaningful change. it is something android has been doing and competing messaging apps have been doing well. think your apple phone experience will substantially change. emily: can they maintain the quality? >> i think they will. apple are using this technology for extensions. they launched two versions of ios slowly and deliver the. deliberately. they have a deliberate approach. that has always been apple's strategy, quality over quantity. quality overspeed. google and others have taken a different approach. apple's approach

now. we're not only competing with the 500 other cable channels, but netflix and amazon who seem to have unend iing bales of mon. it's like amazon and netflix is like they live in the bank and have all the money and can spend anything. it's kind of -- a little funnier if bezos just last week hadn't said amazon prime video was one of the fourth pillar of the entire company. >> exactly. he's doing it to sell shoes, right? >> yeah. and in a very specific and real way i think he means it. what he was saying is funny but gets at the truth of netflix and amazon and these other media players operating by different financial rules than the traditional industry has, right? >> because why? >> because they don't have to show the same exact margin on every unit of content. they're judged by investors if netflix, subscribers, everyone assumes they're underpricing the product. amazon of course is part of this other bundle of other stuff that you get. so i think that's kind of very telling. but i also wonder, carl, as you talk to all these different people in navigating this new world do they also

data center, amazon, facebook, google, they are all running versions of this chip. .nything you do on the internet if you post on facebook, it is running through these data center chips. it is a great business with huge margins. they are making 50% margin. vonnie: is it going to destroy jobs? max: i guess in a sense, because of stuff gets automated, this is part of the march of the digital revolution. piece thatery cool you can read in the latest "bloomberg businessweek. the outlookg up, for gold of the brexit comes to pass. can gold hit the levels it saw in 2011 and mark -- in 2007? ♪ ?c+sv david: from bloomberg plus world headquarters in new york, this is bloomberg markets. vonnie: let's start with headlines on the bloomberg first word news with taylor riggs. taylor: we're sticking with the story and that u.k. were a british member of parliament has died after being attacked. the labour party's jo cox was meeting with constituents in yorkshire when she was shot twice. a suspect has been arrested. witnesses told the bbc he had a handmaiden god. -- handmade gun. hundreds of people m

conference. amazon is putting so much pressure on everyone, especially hardware makers. given that, how much growth do you really see for hpe and the long-term given how so much pressure amazon is putting on the industry? a 1%, 2%,n, this is 3% growth rate overall. compostable infrastructure changes the name of the game for infrastructure as we think about private cloud. not everyone wants to put all of their applications in a private cloud. had a really interesting conversation with dropbox, was a company born in the cloud, who is moving back into the data a very advanced infrastructure designed for their application because as they got so big, it began to cost more, they needed more control. they have done the opposite, moved to my public cloud to a hybrid cloud environment in a more traditional way. at the broader market, the ipo market is stagnating. the mega valuations a toad. it has not decreased -- the mega valuations have plateaued. it has not decreased. meg: many of us predicted there would be a correction in the values. very conversation. we see this in silicon valley. va

lot of time talking about cloud so far at the conference and amazon is putting so much pressure on everyone, especially hardware makers like yourself. given that, how much growth do you really see for hpe in the long-term given how much pressure amazon is putting on the entire industry? whitman: i think this is a 1% to 2% to 3% growth rate category overall, but there are real pockets of growth. as i said, compose of infrastructure. change is the name of the game for infrastructure as we think about private cloud. not everyone wants to put all their applications into a public cloud. some want a private cloud. that is a growth area for us. we had a really interesting conversation with dropbox who is a company born in the cloud, who is moving back into the data center into a very advanced infrastructure that is designed for their application in their data center because as they got so big and it began to cost more, they needed more control, so they have done the opposite. they have moved from a public cloud back into a hybrid cloud environment, in a more traditional way, their own abi

typical spots.lts. back to you maureen and steve.ne >> all right. forget black friday. amazon is gearing up for itsr second annual prime day say. das remember those deals on deals hangers, socks, everything youou didn't want. w will the deals be any betternyte this year. y next we'll head to the foxheox business network in new york net for a closer look.a closer l >> let's hope so. lope first though this video iss going viral for all the right reasons.ons. twinkie the jack russell terrier broke the world recor record. twinkie popped 140 balloons. b the talent is in twinkie's's blood.bloo twinkie's mom held the recordecr for some seven years passing it on to the future generationet of jack russells. tucker's favorite dog, by the way. >> very cute.ut >> go twinkie, go twinkie. >> big announcement on tap from verizon wireless. first a check of the markets.. joining us now is lauren simonetti.simonetti. good morning. >> reporter: good morning.or how are you. >> doing great. looks like the markets are also doing great over in the uk. t what brexit? b >> reporter: i know. that's what w

amazon studios could turn into a fourth pillar, and it is possible. what we are doing with alexa and echo and the natural language understanding evolves into an artificial agent, and by the way, i think that there are going to be a bunch of artificial agents in the world and just like apps and web sites this they are going to be specialties, and maybe not ask the same a/i is going to be bet at some thing, and a certain household better at some of these, and they seem promising to me. >> just a sliver of what bezos covered with walt mossberg. they called it an iconic appearance by bezos, and what are people saying about it today? >> first of all, that it was a fantastic intervush and second of all, they have never seen jeff bezos be so candid before, but it is interesting, because i found it to be a jobsian interview, because he didn't give details, and he said he would not talk about the private decisions or the amazon road map, but still giving enough information to the audience to the public to say, hey, this is what we are interested in and what we are working on. >> and it is clo

feel like is amazon isn't going to eat their lunch. i know that ups put in some packaging rules that made it so trucks aren't just filled with nothing but amazon and a lot of air, but i will say that fed ex the margins were increasing, i like the fact they believe in their own stock. the analysts were very split on it. i think the analysts don't know what to do because the stock's up so much. but fed ex to me is not going to be ruined by amazon, not 24 cities they're doing same-day delivery. it was a humble quarter by a humble group of operators but i'll stand up for them and tell you they did a good job. >> all right. when we come back, jim, we'll get your mad dash from out west, count down to the opening bell, kbh, adobe and talk about mcdonald's downgrade today. meanwhile sarah ieisen is live n london ahead of tomorrow's uk referendum. >> hi, carl, good morning. today is the last day of campaigning for both sides. love the british newspapers, big business mostly on the side for remaining in the eu. here's the cover of the times, some major u.s. companies, more than half in the fts

is and how they lose the battle to amazon. this can all be a moot point for everybody in a couple years. i understand people want more money and fight for it. "cavuto: coast-to-coast" they would say that the companies are making this profits because their workers are getting social service programs you and i both pay for. that would be their argument. charles: we will see. i'm telling you right now, it will be a moot point i've, 10 years from now. they better all start taking some night courses and get some computer skills in the meantime. that's all i'm saying. thanks a lot, buddy. if it flares up, we will shoot back out to you. in the meantime, the fallout is hitting businesses and hitting them nationwide. charles: which is to elect which is to elect the minimum wage protest in chicago. the site is hurting businesses and according to a new report, half of the d.c. employers in washington d.c. say they've heard he had to off or reduced hours due to minimum wage increases. dave and buster's ceo stephen king is here and said despite the shares, his company a sad farewell. the fact

and we're back in the amazon world. where is amazon taking share? from best buy. now, bed bath goes on the offensive and they buy my wife's favorite show other than rulala, one king's lane. many of the complaints about bed bath and bed bath is -- all they ever do is buy back stock. look at this. they bought back stock all of the way. what a bad game. so now they're buying one king. undisclosed but this is an internet strategy. way fair has an internet strategy. this is furniture but to say they're finally doing something about the web means that this stock has a chance to turn around. they have a very smart group of people. this is smart to do something other than just keep buying back stock. >> yeah. certainly has flown in the face of other home goods like william sanno sonoma. >> when you look at t.j. maxx, how good it is doing. it has been terrific. they've lost their way at bed bath and bye-bye baby and this is a sign that there is a pulse. i appreciate what they're doing this time. do i want to buy the stock, no, but this short that has been bed bath may be over. >>> we'll get the

conference. here is a tack of how the different diversions of amazon work together to help the bottom line. >> when we win a golden globe, you know, it helps us sell more shoes. >> simple as that. but all is not sunshine in the tech world. here's vanity fair correspondent nick builton talking about the outlook for twitter. >> that's where was a belief th fixed and solved. and i think it still has a ways to go to be quite frank. >> meantime, amazon, mr. bezos' company setting all time highs. up nearly of 6 will 8% in the past year. twitter is down nearly 59% on that one year clart that you see right there. let's bring in our own john ford. i know there say lot more discussed out there than amazon and twitter's fate. i'm sure it's out there some. where and what are people saying? >> i think you said base yoes got rave reviews, ty. i think that is exactly on the mark. i'm just making a list of words that people have used to describe bezos' appearance last ni, amazing, brilliant. i think people are considering that maybe a sign of a new chapter in the way he is viewed inside and ou

like ibm toward companies like amazon and workday and service now and salesforce.. l: what has that meant in terms of your portfolio? >> the big shift we made earlier betweenr january-february during the volatility was to move out a lot of the legacy it positions and concentrate the portfolio in the higher growth, more rapidly being adopted, cloud companies. we think this year is the year for cloud adoption where in order to keep your job as the chief information officer, you need to be moving to the cloud now and make these changes to improve the security of your organization. rol: the more specific, which companies have you been buying or selling? some of the leaders in the cloud are clearly amazon with their web services and work day which is a manufacturer of hr software and salesforce. calm and ultimate software which is cloud-based payroll and a host of smaller vertical cloud companies like guide wire in insurance, tyler technologies in the private sector for state and local government cloud-based software. a cory:ltimate is company that has been around forever, since clouds w

amazon. troubled ruling in paris. i don't think it makes a big difference but the mayor's office is concerned over the prime now service will have on local businesses. they don't like competition, do they? >> that the thing. but we talk about here is basically the mayor is reacting to say in businesses are heard by amazon. even our bookstores are getting annihilated by the likes of amazon. they may take it to legislators. amazon and other companies get tax. >> amazon longer-term in individual countries start saving now. >> in the eurozone, yes. stuart: in the eurozone. california surpasses france as the world's sixth largest economy. scott, do you have anyththing to say about how whatsoever? >> yeah, with when the next day become the fourth-largest economy, while they have a rerendum in the u.s.? that's what we're moving towards. >> we just thought we would radiate that number. >> they should just leave. stuart: i want to get back to the reddish exit code. but will the market due on friday? i do have to ask that question. can you answer it for me, please. what is the market going to